Panel: MTFs to Knock Exchanges' Market Dominance

"There will be a tipping point and you are going to see the volumes start to move [to the MTFs] at a much higher rate," says John Lowrey, CEO of Chi-X Global. The panelists could not precisely say when the shift will occur, since most of the alternative platforms are still in early stages of their growth, according to Mark Hemsley, CEO of Bats Europe.

The changes in Europe will happen in stages, similar to the way the market evolved in the U.S., says Charlotte Crosswell, president of Nasdaq OMX

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